Cherry Tree Hill is a small, quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 51, the suburb has a predominantly older resident base with a median age of 62. Households earn a median income of $78K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are English, Australian, Irish.
Cherry Tree Hill has a median house price of $505,000, holding roughly steady year-on-year. The current median weekly rent is $420. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $2,383.
The crime rate in the Inverell LGA is moderate at 5,178 incidents per 100,000 population.
On the investment side, Cherry Tree Hill shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices sit below the state median ($505K/$1.5M), which can point to relative value. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.